Biographer: 'People Will Be Shocked' at How Poor Trump Is

[ffr]

During his testimony before the House Oversight Committee, Donald Trump’s former personal attorney, Michael Cohen, observed, “It was my experience that Mr. Trump inflated his total assets when it served his purposes.”

And when author David Cay Johnston appeared on CNN this morning he explained why the attorney’s statement on Trump’s finances was quite accurate—and why Trump isn’t as wealthy as he would have people believe.

Johnston recalled, “I revealed in 1990 that he wasn’t a billionaire, and Donald called me a liar until he had to put in the record documents showing he had a negative net worth of almost $300 million.”

Johnston told CNN’s Alisyn Camerota that exaggerating his net worth is nothing new for The Donald, basically confirming everything Cohen said earlier this week. - PoliticusUSA

A negative net worth? Hell, I'm worth more on paper than the person acting as the POTUS!


Install Hillary as President and let's roll!

[shanny]

1. I wonder if THAT would be enough for his followers to dump him....

Not really: nothing penetrates.

[Gore1FL]

4. I suspect they would probably all send him money to make him a billionaire.

That seems to be closer to how they operate.

[Moostache]

2. When Trump orders them to drink the Kool Aid, drink it they shall...

The cult of Trump is an historic mess, but when it ends, it will end ugly.

[FiveGoodMen]

7. That would be utterly perfect if it actually came to pass

100,000,000 birds with one stone.

[erronis]

18. I've thought about that - what about the morgues, the hospitals, the slime in the sewers?

Some of them wouldn't go quickly and nicely. There'd probably collateral damage (innocent non-deplorables).

[FiveGoodMen]

25. Okay, "utterly perfect" might be going too far

But if there really were a way to weed out this growing fascist sentiment, I'd be willing to put up with considerable inconvenience.

[NewJeffCT]

3. To add to that - in the mid 2000s

there was a book written by a financial expert called Trump Nation that calculated Donny to be worth $150 million to $250 million. Trump sued the guy for defamation and the suit was tossed out of court.

more at the link below:

https://en.wikipedia.org/wiki/TrumpNation

[dixiegrrrrl]

29. taht was by tim O'brien.

Trump sued him and Trump had to be deposed, in the deposition what asked how much he was worth ( which was th ewhole question of the lawsuit, right?) he hemmed and hawed and finally answered..."depends on what mood I am in on any given day".

the video is around the web somewhere, I have watched it.

[pecosbob]

5. I'm sure I won't.

I've known all along that he has always used other people's money...like most real estate developers I've encountered in my life. Knew this guy was a charleton back in the seventies when I first began to hear his name being bandied about as an example of success.

[Wellstone ruled]

6. Johnston has yet to call

Trump's Operation a Ponzi Scheme which it is.

Interesting thing,when SDNY gets done with Donnie and the Misfit's,they will be living on the Streets flat as busted.

[Grammy23]

8. Only one thing I'd Change to your prediction.

Not living on the streets. Living in a prison, locked up for life. The whole family. I’ll give Barron a pass.

[Wellstone ruled]

11. Art of the Deal,

Trump and Crime Family will be flat ass busted and they will be given a option,the Bus Shelter on 5th Avenue or the Jail House.

[JHB]

13. Oh, I'm pretty sure he'll have another option open...

A certain someone may offer him a dacha in Russia (that will turn out to be a fishing shack on an island in the East Siberian Sea).

[Wellstone ruled]

14. That works for me.

[calimary]

27. I still suspect he's gonna try to make a run for it.

If things turn really bleak for him, seriously enough that he finds himself about to face some REALLY bad - um - “music” shall we say, I can’t help but suspect trump will try to disappear in the middle of the night. Some late night with no moon when an unmarked helicopter lands on the South Lawn and a handful of shadowy figures run, stooping low to avoid the chopper blades (and maybe an inquiring mind or two), toward the helicopter and climb aboard. And their getaway vehicle rises up and heads off into the darkness.

No warning, no heads-up, no nothing. It’d be trump, Melanie, Ivanka, Jared, and maybe also their kids. I doubt the hapless Junior or third-wheel Eric would be included. Even taking Ivanka’s kids is pushing it. The donald would want to keep the number of evacuees down so they’re easier to move. He’d mostly want to save Ivanka. I think we ALL suspect why. But unfortunately she’d probably insist on NOT leaving her husband and kids behind.

The chopper would escape to maybe somewhere in the Caribbean - depending on how much fuel it can carry. They’d need to change to a private jet to get where they really need to go - like the Crimea or Saudi Arabia or some such. Their murderous friend the Saudi prince might give them asylum, or his friend Vladimir, except by then, ol’ Vlad probably wouldn’t want to bother with him anymore, wisely figuring his little American Asset wouldn’t be worth much to him anymore.

Meanwhile back at the scene of the breakout, a couple of hours might elapse before some White House staffers or maybe the White House housekeeping staff would suddenly realize that nobody can find the pResident. OR the First Lady. And all over town, also in New York City AND New Jersey, and down in Florida, near Mar-a-lago, reporters’ phones would start ringing madly, waking them up, alerting them to start looking into it...

[JHB]

30. Not a chopper at the WH.

Ain't no sneaking a helicopter into that airspace.

If he does it, it'll be from one of his golf courses. On the ground until he can get out of the security no-fly zone, and the maybe a chopper.

[Wellstone ruled]

33. Just so everyone knows,

Trump Crime Family has a mega Million Dollar Estate on St. Martinn in the Caribbean . Folks have been Tracking the Trump family members for years via Airplane Tail Numbers. Believe it is on the Dutch side of the Island,can't recall,it has been twenty years since we were there. The next island due south of this place is owned by Richard Branson.

[calimary]

38. That's where they'd go as they'd begin their trans-Atlantic getaway.

[tblue37]

24. Art of the Grift. nt

[colorado_ufo]

20. Give Tiffany a pass, as well.

I think she can't even stand to be around him, the "Mighty Hunters," and "The Princess."

I hope Barron does well. It is difficult for a young man to grow up without a (functional) father.

[Grammy23]

34. Okay. Tiffany gets a pass, too. It did seem a bit forced when she stood on stage

With her dad and the other brats during the convention and campaign events. Not much one can do about your biology. Wonder if she has considered changing her name? After Mueller, Congress and SD NY get finished with her dad, she might want to be known as Tiffany Smith.

[colorado_ufo]

36. I saw one moment during the campaign where she actually pushed him away.

I'm sure she did not like the way her mother was treated nor the whole embarrassing situation surrounding her birth. Trump has messed up a lot of lives.

[Grammy23]

37. I can only imagine the pain she has felt for most of her short life.

Then she has to be trotted up on stage and act like the adoring daughter. I’d have pushed him away, too. He is repulsive.

[dixiegrrrrl]

32. I dunno.....I am seeing some upside to living on the streets

Considering how many families lost money and jobs because of him and his circle of thieves.

there's a lot to be said for the punishment to fit the crime.

[demmiblue]

9. Ivanka Trump - Father Points at Homeless Person

A family of assholes.

[royable]

10. Well, the fact that he's poor doesn't matter as long as he's rich in friends.

.....oh, wait......

[colorado_ufo]

21. OK - you owe me a keyboard!

[Brother Buzz]

12. We're all rich if we think we are - Hunter Pence

[zaj]

15. It takes a lot of debt to fake being rich!

[DRoseDARs]

16. So neither billionaire nor millionaire, but negativonaire? nt

[NoMoreRepugs]

17. I do look forward to the unraveling of his financial empire(?) - I really do.

The man and his business was one of the biggest jokes in New York for decades and yet the media chose to mostly ignore the facts in front of their noses - shame on them and the Deplorables for supporting him.

[lastlib]

19. I wouldn't be shocked; I've known since he was installed in the Oval Office that he was poor....

...In fact, he is BY FAR the POOREST president EVER!!

[tblue37]

22. I have almost nothing in terms of assets, but I bet I have more than Trump does. nt

[TexasBushwhacker]

28. Yeah, I have few assets

But I also have almost no debt.

[EffieBlack]

23. Not me

I've known all along that Trump was probably close to broke - his "wealth" was a fiction on paper.

[C_U_L8R]

26. You should see his IQ

Talk about negative numbers.

[Luz]

31. I've believed thats the main reason Melania has stayed.

She doesnt get her NY penthouse life from $$, she gets it from his name (or did). Free lunches with the ladies, free spa days, free fashion clothes.

He's been broke, and once his name wont buy her a cup of coffee i suspect she'll find a new mark...er..husband.

[Grammy23]

35. Ya got that right. Just as soon as she figures out his balance is in negative territory, she

will be gone. She can always write a book or two to supplement her income. With her “degree in architecture” and speaking 7 languages, she should really impress us with her skills. Oh, the stories she will be able to tell. Go ahead, Melania. We’re all ears.